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harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentrating on tax the rich, yes or no. but the payroll tax holiday goes away january 1. neither polit
. this constitution would go to a referendum, be voted on and president morsi would give up his extraordinary powers. what we see is the reverse. it has inflamed the opposition. we could see one of the biggest protest demonstrations today we've seen so far, bill. bill: steve harrigan, thank you. we're waiting and watching for more developments out of cairo, egypt. we're coming after the moment where prayers end on a friday afternoon. so watch that story. martha: crowds in those streets. we'll keep an eye on it. we're just getting started on this friday morning, everybody. there is new information on the health of president george h.w. bush after he was admitted to the hospital. we have the latest how he is doing. we'll bring you that straight ahead. bill: the senate voting on a plan to prevent terror deteen east from gitmo being moved here to the u.s. and the results of what happens next with retired four-star general jack keane with his take on it. martha: and gridlock in washington. stuart varney just told us the white house's plan could send us into another recession. we'll talk to a democrat and
morsi, the new president step down. steve harrigan streams live in cairo, it is nightfall now. what do we know about the u.s. embassy, steve? >> the u.s. embassy building is really just down the block from where i'm standing here and egypt security forces have put up a 12-foot high call of cinder block to keep that alleyway safe where the embassy is. the public services section which visitors use is closed today. that part of it is closed off. the embassy itself has not been targeted but it is part of a rough taeub rough neighborhood around tahrir square where protestors are throwing rocks and police are firing teargas. two buildings were set on fire, those blazes are now out. warnings issued to all americans to avoid the downtown area over the next few days due to the unrest, bill. bill: when will the new egyptian president morsi speak, do we know that, steve? >> reporter: we expect to hear from him on national television later tonight in a taped address. he's likely to introduce a new constitution, and that constitution could either make things better on the streets or it could infla
Search Results 0 to 3 of about 4 (some duplicates have been removed)